Second Mortgage

Quick & Simple Application

Best Mortgage Rates

Get Second Mortgage in Cambridge

You need only 20% of the value of the property invested in a home. The rest can be easily withdrawn through a second mortgage in Cambridge. Idle equity in a home simply means uninvested immobile money in your cupboard. Equity in your home is your own property and can be employed where ever you wish. Why keep it idle then?

Things You Can do With a Second Mortgage in Cambridge

Pay back Your First Mortgage in case you are getting a better interest rate or term
Fulfill your Medical or Educational Expenses
Fund Your New Business Venture
Lend on a Higher Rate
In Short, Earn returns on Your Money

AKAL Mortgages Inc. have been providing Second Mortgages in Cambridge since a decade now and can help you secure the best terms with a quick process.

How It Works?

When we say YES! We stand behind our

WHAT'S YOU EXPECT

We Offer To You

STEPS & PROCESS

Easy Approval Process

CHOOSE YOUR SERVICE

Why You Should Choose AKAL Mortgages Inc.

Borrowers

When we say YES! We stand behind our promise
Mortgage solutions based on your needs and qualifications
Fast approvals and quick closings
Save time and money
Lower mortgage rates due to lender discounts and promotions
Licensed, knowledgeable and experienced
Protect your credit score

Brokers

The Most Important: Dedication to our agents!
Bootcamp-3-days: Learn Lead Generation, Products and Underwriting
Training: Weekly training and industry updates, One on one support
Mentoring: Specialize in Residential, Business and Commercial
Lead Generation: Proven successful campaigns to generate leads
Personal website; mobile Apps; online virtual meetings, e-signatures
Lenders: VIP access to more lenders and top tier compensation
Professional office (at no cost to you): Meet your clients at the office

FAQ

Frequently Asked Questions

Are there any limitations to applying for a second mortgage?

Anyone can apply for a second mortgage even a person with a bad credit history there are absolutely no limitations. The lender will see your debt income history and your work history to decide about the amount that can be lent to you .If you take the help of a broker then he will try and reduce your high interest charged by the lender. A broker will also introduce you to many lenders thus making a wider choice of lenders available to you.

How is second mortgage good for me?

Second mortgage is good if you want to make some necessary improvements in your lifestyle and if they cost more than your ready savings. Second mortgage helps in getting you money on your house which is already in mortgage. So it is an additional loan taken on your already mortgaged property but through a different lender of course.

Why are interest rates higher in on second mortgages?

Interest rates are higher on second mortgage loans because the lender has to safeguard his interests since the property he is investing in is already mortgaged he will have secondary rights on it while recovering his loan.